Trading Bitcoin with Trend lines and S/R

Question, what caused that bullish spike on Oct. 25 - 27 period?
No news in calendar ...none of those days!
It seems very important though, because it stopped the dead cat bounce!
What could that be??? no news... oh, ogre companies manipulation ? ...to save the cat ?

Great moooove, bullish now on D1Trading Bitcoin with Trend lines and S/R

Geez, thanks! I forgot about Mr. Xi.
I mean I forgot about the crypto cult people's reaction, who imagine that China will support private blockchains, undermining its own power
Forex Factory fairly didn't mentioned it as red news ...because what is good for the DCEP is not good for crypto as well

{quote} > What's your TP on the shorts? ---> Its based on time, a couple of weeks at least. > Do you have a SL in place? ---> see att.. I wish to add more shorts.. > I'm scared off of large positions for now. ---> Shit happens.. try to trade light, you'll get to sleep well.. Try Yoga, add Berries and nuts to your diet. {image}

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Thanks for all the advice! I'm trading some smaller short positions hoping for short-term gains in the next couple weeks until I expect we see a large breakout.

{quote} Certainly not a bad day for BTC sellers. The price must stabilize / consolidate below 9200 during next 24-72 hrs, if it can fall further, that would be good, in line with expectation. I don't foresee the price bouncing back, yet, mitigated risk. {image}

I think you're right about missing motivation to go long here. We're still right in the middle of a weekly consolidation range I have been tracking. That being said, I expect we will see a breakout in the next couple weeks. It is November after all... Isn't that the month we always go to the moon?

{quote} I think you're right about missing motivation to go long here. We're still right in the middle of a weekly consolidation range I have been tracking. That being said, I expect we will see a breakout in the next couple weeks. It is November after all... Isn't that the month we always go to the moon?

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I took profit last night (NY session of 11th of Nov), that fixed all the losses of Nov-2019

Same W1 pattern as The 201720K Fake Spike ...only much weaker for this year!
It looks like this asset keep going back to its death zone - the minimal mining rentability zone... no value but mining rewards to cover the costs

{quote} I'm of the view that BTC shall find a temp bottom by Monday, a small bounce on H4 would look nice next week.

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I could definitely see that happening. I see us bouncing all around this 8500 level for a week or two and then some big movement. I'll try to get some swings in the meantime when we move away from that level.

Same W1 pattern as The 2017 20K Fake Spike ...only much weaker for this year! It looks like this asset keep going back to its death zone - the minimal mining rentability zone... no value but mining rewards to cover the costs {image}

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I wish TradingView had that clown nose and explosion image; it would be a total game-changer.

{quote} I wish TradingView had that clown nose and explosion image; it would be a total game-changer.

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They should
It's very stimulating for speculators.
And makes the most of you broker's people happy ...and rich
It grows yo dopamine pumping and makes you love crypto and wanna have mooore, and mooore, and mooooore ...even when it's plunging
Just get yo' red nose and be happy

Same W1 pattern as The 2017 20K Fake Spike ...only much weaker for this year! It looks like this asset keep going back to its death zone - the minimal mining rentability zone... no value but mining rewards to cover the costs {image}